Thoughts on a “HDD shortage” from an industry insider

Post by 99_00 » Sat, May 01, 2021, 9:47 PM UTC

bitL wrote: post #35

99_00 wrote: post #34

I've never built a PC. I expect the crytpocurency bubble to collapse because my tech ignorant accountant friend asked what I know about building a crypto mining rig. What should I read to prepare myself to take advantage of the cheap used high end hardware that will hit the market do build a Windows or Linux system for my own pleasure.

Coinbase had IPO, meaning serious business bought their shares, hedge and pension funds - I would be careful expecting any kind of normalcy in the next 2-3 years.

Post by dehrmann » Sat, May 01, 2021, 9:51 PM UTC

bitL wrote: post #35

99_00 wrote: post #34

I've never built a PC. I expect the crytpocurency bubble to collapse because my tech ignorant accountant friend asked what I know about building a crypto mining rig. What should I read to prepare myself to take advantage of the cheap used high end hardware that will hit the market do build a Windows or Linux system for my own pleasure.

Coinbase had IPO, meaning serious business bought their shares, hedge and pension funds - I would be careful expecting any kind of normalcy in the next 2-3 years.

Post by mhh__ » Sat, May 01, 2021, 9:56 PM UTC

99_00 wrote: post #34

I've never built a PC. I expect the crytpocurency bubble to collapse because my tech ignorant accountant friend asked what I know about building a crypto mining rig. What should I read to prepare myself to take advantage of the cheap used high end hardware that will hit the market do build a Windows or Linux system for my own pleasure.

Post by dehrmann » Sat, May 01, 2021, 10:05 PM UTC

IAmGraydon wrote: post #58

nullc wrote: post #32

It's really important that manufacturers start responding to cryptocurrency induced shortages with auctions. The demand from the cryptocurrency users will be extremely high until they've spent a particular amount in total. They can do that with 1000 units, or with 5000 units. Obviously auctioning off units would be bad for having predictable prices for retail customers but that is irrelevant if aggressive miner buyin…

This is asinine. You would be making the product only available to those who can turn the highest profit from it and would lose the rest of your customer base to your competitor who is smart enough to not use an auction model. The entire cash flow would come from one narrow sector which would eventually collapse, leaving you with no customers. Business models evolve toward efficiency, and there is a good reason no on…

Post by MereInterest » Sat, May 01, 2021, 10:06 PM UTC

TeMPOraL wrote: post #57

oceanplexian wrote: post #41

Earlier quoted context omitted.

I just don’t get the sustainability argument.. Who decided that all computing must be for a sustainable or meaningful purpose? Cryptocurrency, as wasteful as it might appear, is like a drop in the ocean compared to the data centers of Google, Facebook, Microsoft, etc. Likes on Facebook provide much less value to society than a distributed currency that circumvents central control over the financial system. Second, Cr…

> Cryptocurrency, as wasteful as it might appear, is like a drop in the ocean compared to the data centers of Google, Facebook, Microsoft, etc. It isn't, as 'mytherin points out. > Likes on Facebook provide much less value to society That's absurdly untrue. For all the warts of big social media players, they still provide tremendous social value - rich long-distance communication, organizing ad-hoc groups of people (…